South African Bekker Becomes Billionaire With China Media

Jacobus Petrus “Koos” Bekker became a billionaire earlier this year after transforming Cape Town, South Africa-based Naspers Ltd. (NPN) from a decades-old print business into the world’s largest emerging market media company.

Formed in 1915 as De Nasionale Pers, the company published what became South Africa’s first Afrikaans-language daily newspaper, Die Burger, which went on todefend apartheid rule in commentaries and articles when the segregationist system was put in place, beginning in 1948.

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Naspers Chief Executive Officer Jacobus Petrus “Koos” Bekker is seen with his wife Karen Bekker in July, 2011, in Sun ….. Continue Reading

From FDI to Africans investing in Africa

INVESTORS from Europe, Asia and the US are not the only ones chasing growth opportunities in Africa these days — Africans themselves are waking up to the potential across borders in their own backyard.

The same trends that have lured foreign capital to the continent — rising wealth, sustained economic growth and a swelling young population — are attracting investors in South Africa, Kenya, Nigeria and even Namibia.

Between 2003 and 2011, intra-African investment into new foreign direct investment (FDI) projects in Africa grew at a 23% annual compound rate, according to Ernst & Young. Since 2007, that rate has ….. Continue Reading

Egypt’s political crisis entered a tense phase on Wednesday after international mediation efforts collapsed and the army-installed government repeated its threat to take action against supporters of deposed President Mohamed Mursi.

Both sides called their supporters on to the streets on Thursday, while Mursi supporters in two protest camps in Cairo strengthened sandbag-and-brick barricades in readiness for any action by security forces.

Acting President Adli Mansour, in a message on the eve of the Muslim Eid al-Fitr holiday, said Egypt was in critical circumstances. The interim government would press on with its own plan to hold new elections in nine months, he said.

“The train of the future has departed, and everyone must realize the moment and catch up with it, and whoever fails to ….. Continue Reading